Civic Intelligence

Wha Inc.

990 • Fiscal year 2025 • EIN 01-0454077

Jan 01, 2025 to Dec 31, 2025

88 Silver StreetWaterville, ME 04901

(207) 873-2155

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.21x

Higher debt load relative to assets than 70% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

7.72x

Higher debt load relative to revenue than 98% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

7th percentile

-34%

Higher net margin than 7% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

31st percentile

-1.5%

Faster asset growth than 31% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

6th percentile

-41%

Faster revenue growth than 6% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,565,323

Down $23,196 (-1.5%) from 2024

Net Assets

Down

$1,231,012

Down $14,773 (-1.2%) from 2024

Liabilities

Down

$334,311

Down $8,423 (-2.5%) from 2024

Revenue

Down

$43,307

Down $30,606 (-41%) from 2024

Expenses

Down

$58,080

Down $278,983 (-83%) from 2024

Net Income

Up

-$14,773

Up $248,377 (+94%) from 2024

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,872,840Liabilities 2011: $395,087Net Assets 2011: $1,477,7532011Assets 2012: $1,841,106Liabilities 2012: $385,093Net Assets 2012: $1,456,0132012Assets 2013: $1,830,354Liabilities 2013: $355,070Net Assets 2013: $1,475,2842013Assets 2014: $1,830,978Liabilities 2014: $345,415Net Assets 2014: $1,485,5632014Assets 2015: $1,811,388Liabilities 2015: $331,585Net Assets 2015: $1,479,8032015Assets 2016: $1,806,623Liabilities 2016: $333,425Net Assets 2016: $1,473,1982016Assets 2017: $1,791,799Liabilities 2017: $310,103Net Assets 2017: $1,481,6962017Assets 2018: $1,784,688Liabilities 2018: $293,952Net Assets 2018: $1,490,7362018Assets 2019: $1,506,488Liabilities 2019: $283,162Net Assets 2019: $1,223,3262019Assets 2020: $1,513,159Liabilities 2020: $257,022Net Assets 2020: $1,256,1372020Assets 2021: $1,677,773Liabilities 2021: $244,159Net Assets 2021: $1,433,6142021Assets 2022: $1,840,777Liabilities 2022: $360,307Net Assets 2022: $1,480,4702022Assets 2023: $1,859,622Liabilities 2023: $350,687Net Assets 2023: $1,508,9352023Assets 2024: $1,588,519Liabilities 2024: $342,734Net Assets 2024: $1,245,7852024Assets 2025: $1,565,323Liabilities 2025: $334,311Net Assets 2025: $1,231,0122025

Highlighted filing

2025

Assets$1,565,323
Liabilities$334,311
Net Assets$1,231,012

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200K-$400KExpenses 2011: $43,8022011Expenses 2012: $46,5162012Revenue 2013: $64,162Expenses 2013: $44,891Net Income 2013: $19,2712013Revenue 2014: $54,890Expenses 2014: $44,611Net Income 2014: $10,2792014Revenue 2015: $39,548Expenses 2015: $45,308Net Income 2015: -$5,7602015Revenue 2016: $39,856Expenses 2016: $46,461Net Income 2016: -$6,6052016Revenue 2017: $59,456Expenses 2017: $50,958Net Income 2017: $8,4982017Revenue 2018: $56,301Expenses 2018: $47,261Net Income 2018: $9,0402018Revenue 2019: $8,708Expenses 2019: $276,118Net Income 2019: -$267,4102019Revenue 2020: $66,731Expenses 2020: $48,798Net Income 2020: $17,9332020Revenue 2021: $223,114Expenses 2021: $45,637Net Income 2021: $177,4772021Revenue 2022: $98,243Expenses 2022: $51,387Net Income 2022: $46,8562022Revenue 2023: $74,398Expenses 2023: $45,933Net Income 2023: $28,4652023Revenue 2024: $73,913Expenses 2024: $337,063Net Income 2024: -$263,1502024Revenue 2025: $43,307Expenses 2025: $58,080Net Income 2025: -$14,7732025

Highlighted filing

2025

Revenue$43,307
Expenses$58,080
Net Income-$14,773
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Apr 14, 2026
Return Version
2025v4.1
Gross Receipts
$174,428
Mission and Program Overview

Mission

To develop, own and manage subsidized residential housing units for qualified individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$714,549$725,671▲ $11,122
Land, Buildings, and Equipment, Net$657,877$637,862▼ $20,015
Other Notes and Loans Receivable, Net$109,253$99,967▼ $9,286
Inventories for Sale or Use$67,224$67,224→ $0
Investments Other Securities$10,063$10,063→ $0
Savings and Temporary Cash Investments$9,610$7,005▼ $2,605
Prepaid Expenses and Deferred Charges$4,215$4,915▲ $700
Accounts Receivable$2,952--
Total Assets$1,588,519$1,565,323▼ $23,196
Other Assets Total$12,776$12,616▼ $160
Liabilities
Other Liabilities$338,328$324,956▼ $13,372
Accounts Payable and Accrued Expenses$4,406$9,355▲ $4,949
Total Liabilities$342,734$334,311▼ $8,423
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,245,785$1,231,012▼ $14,773
Total Net Assets Fund Balance$1,245,785$1,231,012▼ $14,773
Total Liabilities and Net Assets / Fund Balance$1,588,519$1,565,323▼ $23,196

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$550,876$462,681$1,013,557
Land$86,986-$86,986
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul JacquesPresident
Kevin GormanVice President
Anthony NoonanDirector
Robert RingerDirector
Diane TownsendTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,352
Investment Income
$26,670
Other Revenue
$9,285
Change in Net Assets
$-14,773
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,080
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$29,472--$29,472
Fees for Services Accounting$4,750--$4,750
Fees for Services Legal$4,025--$4,025
Total Functional Expenses$58,080$0$0$58,080
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenants Security Deposits$317,251
Federal income taxes$7,705
Mortgage Payable-
Due to Waterville Housing-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

President reviews and signs off on tax return form 990

Form 990, Part VI, Section B, Line 12C

The By-Laws incorporate conflict of Interest rules. Treasury/Secretary is responsible for reviews and reporting to Board of Directors

Form 990, Part VI, Section C, Line 19

All Organizing and Operating Documents are available to Public upon request

Filing and Contact Details

Filer

Filer Name
Wha Inc
EIN
01-0454077
Phone
2078732155
Address
88 SILVER STREET, WATERVILLE, ME 04901

Signing Officer

Name
Diane Townsed
Title
Treasurer
Phone
2078732155
Signed
2026-04-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Paul Jacques
Formed
1989
Legal Domicile
Me
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Preparer
Michael G Hulsey
Phone
2072401983
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt098373
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt074398
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt099243
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0223114
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0558435
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0550876
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0462681
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01013557
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt086986
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt086986
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07705
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1317251
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenants Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Mortgage Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Due to Waterville Housing
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0637862
IRS990ScheduleD/TotalLiabilityAmt0324956
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESIDENT REVIEWS AND SIGNS OFF ON TAX RETURN FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The By-Laws incorporate conflict of Interest rules. Treasury/Secretary is responsible for reviews and reporting to Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All Organizing and Operating Documents are available to Public upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01588519
IRS990/TotalAssetsEOYAmt01565323
IRS990/TotalAssetsGrp/BOYAmt01588519
IRS990/TotalAssetsGrp/EOYAmt01565323
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt058080
IRS990/TotalFunctionalExpensesGrp/TotalAmt058080
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0342734
IRS990/TotalLiabilitiesEOYAmt0334311
IRS990/TotalLiabilitiesGrp/BOYAmt0342734
IRS990/TotalLiabilitiesGrp/EOYAmt0334311
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01245785
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01231012
IRS990/TotalProgramServiceExpensesAmt058080
IRS990/TotalProgramServiceRevenueAmt07352
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034022
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt043307
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01588519
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01565323
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt088 Silver St
IRS990/USAddress/CityNm0Waterville
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004901
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Diane Townsed
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02078732155
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-04-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WHA INC
ReturnHeader/Filer/BusinessNameControlTxt0WHAI
ReturnHeader/Filer/EIN0010454077
ReturnHeader/Filer/PhoneNum02078732155
ReturnHeader/Filer/USAddress/AddressLine1Txt088 SILVER STREET
ReturnHeader/Filer/USAddress/CityNm0WATERVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004901
ReturnHeader/PreparerPersonGrp/PhoneNum02072401983
ReturnHeader/PreparerPersonGrp/PreparationDt02026-04-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael G Hulsey
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02026-04-14T08:55:48-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.57$0.33$1.23$0.04$0.06$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.59$0.34$1.25$0.07$0.34$0.26
2023Detailed filing. Detailed filing data is available for this year.$1.86$0.35$1.51$0.07$0.05$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.84$0.36$1.48$0.10$0.05$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.68$0.24$1.43$0.22$0.05$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.51$0.26$1.26$0.07$0.05$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.51$0.28$1.22$0.01$0.28$0.27
2018Detailed filing. Detailed filing data is available for this year.$1.78$0.29$1.49$0.06$0.05$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.79$0.31$1.48$0.06$0.05$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.81$0.33$1.47$0.04$0.05$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.81$0.33$1.48$0.04$0.05$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.83$0.35$1.49$0.05$0.04$0.01
2013Summary only. Only limited summary data is available for this year.$1.83$0.36$1.48$0.06$0.04$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.39$1.46$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.40$1.48$0.04